Worst Places to Retire in the U.S.
While many seniors used to head straight for the warmer climates upon retiring, the deterioration of the U.S. economy over the past couple of years has most likely changed the way certain retirement locations are viewed. A state that has an exceptionally warm climate may have, in years past, been viewed as a top retirement destination. But now, the financial viability of that location may be equally, if not more, compelling when it comes to choosing a place to retire. Baby Boomers who've worked hard and saved hard for retirement will be unlikely to take their nest egg to a state that will tax them excessively and spend those tax monies recklessly.
Recently, www.topretirements.com compiled its list of the top 10 worst places to retire. The website considered retirement destinations within the U.S., ranking them in terms of fiscal health, taxation and climate. While individuals must set their own priorities about when and where to retire, this list offers hard facts about the economic well-being of some of the destinations you may be considering.